Most internet users are currently looking for the ways and means to make extra income online. Well, when it comes to online moneymaking, Forex offers some of the best opportunities. At the same time, various sources give various figures. Some of them claim that the average ROI% is somewhere between 5% and 10%. Others say that your initial investments can be easily doubled. At the same time, there are skeptics that say that there is zero chance of making money by trading Forex.
Can we really make money in financial markets? Let's try to answer this question together with trading experts working for Masterforex-V Academy…
Rookies Need Some Decent Training
Online moneymaking is getting more and more popular worldwide. Indeed, you can make money online at home. While there are many of them, Forex gives you some of the most decent chances to reach financial freedom:
Forex can give you the following benefits:
- you are the master of your own life and your own decisions
- you don't have to go to the office to do your job
- the working hours are flexible
- your paycheck is limited only to your skills, knowledge and success
The efficiency of Forex. Skilled traders are convinced that this is the very place to make money and built your way up to financial freedom. A decent set of tools and skills along with a winning strategy can get you from rags to riches faster than you can imagine and without major risks. Indeed, there are risks but they can be managed wisely. Still, any business bears some risk anyway. This is the essence of the game. You need to put the odds in your favor in order to make money on a regular basis.
Some Facts About Forex
If anyone can make money in financial markets (including Forex), how much money can an average trader make? In fact, it is not that difficult to calculate. A trading month contains 22 working days. If a trader makes 1,5% a day, this will make a monthly ROI equal to 33%. This means that in this case each $100 invested in trading can make up to $400 a year.
So you can invest thousands of dollars to make dozens of thousands of dollars
Still, you cannot become a Forex professional right off the bat. Luckily, professional traders working for Masterforex-V Academy shared their valuable tips on how to start a successful trading career.
Igor Zotov (the author of the АО_Zotik indicator):
The first thing you need is be aware of is that any business is risky to some extent. Any business can end up being a loser or a winner. The same holds true for any career, including Forex trading.
The first thing you need to make money as a Forex trader is to understand the essence of the market. You need to understand where the lost money comes and what makes you winnings?
Secondly, you need to pick the right direction of future price moves and to make correct trading decisions most of the time. No one can avoid losses from time to time. However, a winning trader just have to be right most of the time to make money. Technical and fundamental analysis can help you with that. You can also make use of ready-made trading strategies created by professionals.
Thirdly, you should know and accept all the risks. However, decent risk management can help you to reduce the risks to the minimum while enjoying solid profits. The statement below confirms the fact that a winning trader doesn't have to be a risky one:
Pay attention to the ratio between the losing and winning trades instead of the profitability curve. At the same time, pay attention to the fact that the biggest loser is just 43 cents while the biggest winner is $6,06. As you can see, low risks cannot prevent the balance from growing steadily.
Andrei Mikhalets (another professional trader from Masterforex-V Academy):
When it comes to making money in financial markets, it is always wiser to consider a certain ROI% rather than a profit in absolute figures. So, you profits in absolute figures depend heavily on the size of the initial trading capital. If, say, you start from $1000 and double the sum, your ROI is 100% and you have made $1000 on top of your investments. Still, if your capital is $1 000 000 and you make 30%, you have earned $300 000.
The thing is that your financial performance will always be capped to some extent. So, it is always better to boost the initial capital and trade more conservatively when increasing your profit rather than trying to boost your financial performance by means of getting riskier in an effort to make more money in absolute figures.
Oleg Kravchuk:
Still, Forex offers many more moneymaking opportunities these days. You don't have to be a trading expert in order to generate stable income in financial markets. There are PAMM services and other ways of generating passive incomes by trusting your funds with professionals.
In this aspect, Masterforex-V Expo offers its own rating of PAMM services. The rating includes such broking companies as:
- ForexTrend (fx-trend.com);
- FIBO Group (http://fibogroup.com/);
- GKFX (http://gkfxecn.com/en/);
- Alpari(http://alpari-forex.com/);
- Pantheon Finance (panteon-finance.info);
- RVD Markets Ltd. (www.rvdmarkets.com) etc.
The bottom line is that you can make money by trading Forex directly or trusting your money with professional traders. This is excellent since these days everyone can improve his/her financial wellbeing simply and easily…
